Mackenzie Financial Corp Sells 116,492 Shares of Honeywell International Inc. $HON

Mackenzie Financial Corp lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 42.1% in the third quarter, HoldingsChannel.com reports. The firm owned 160,461 shares of the conglomerate’s stock after selling 116,492 shares during the quarter. Mackenzie Financial Corp’s holdings in Honeywell International were worth $33,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after buying an additional 1,582 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after acquiring an additional 2,629 shares during the period. Schnieders Capital Management LLC. increased its position in shares of Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after acquiring an additional 1,223 shares during the period. Advyzon Investment Management LLC raised its position in Honeywell International by 6.7% during the 2nd quarter. Advyzon Investment Management LLC now owns 1,062 shares of the conglomerate’s stock valued at $247,000 after purchasing an additional 67 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Honeywell International by 4.6% during the second quarter. SBI Securities Co. Ltd. now owns 1,332 shares of the conglomerate’s stock valued at $310,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 2.5%

Shares of Honeywell International stock opened at $233.40 on Friday. The company has a 50-day simple moving average of $229.01 and a two-hundred day simple moving average of $212.31. The stock has a market capitalization of $148.37 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 3.47 and a beta of 0.92. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.47 earnings per share. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

Wall Street Analysts Forecast Growth

Several analysts have commented on HON shares. Citigroup raised their price objective on shares of Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 30th. The Goldman Sachs Group upped their target price on Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. raised their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Robert W. Baird lifted their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, Sanford C. Bernstein set a $255.00 price target on Honeywell International in a research note on Friday, January 16th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $251.65.

Insider Buying and Selling at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director directly owned 31,081 shares of the company’s stock, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This trade represents a 52.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,190 shares of company stock worth $4,244,287. Company insiders own 0.20% of the company’s stock.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.